NASDAQ:BITF Bitfarms (BITF) Stock Price, News & Analysis → Dems have chosen Biden replacement? (From Paradigm Press) (Ad) Free BITF Stock Alerts $2.24 -0.01 (-0.44%) (As of 05/31/2024 ET) Add Compare Share Share Today's Range$2.18▼$2.2950-Day Range$1.59▼$2.2952-Week Range$0.92▼$3.91Volume18.72 million shsAverage Volume17.49 million shsMarket Capitalization$877.63 millionP/E RatioN/ADividend YieldN/APrice Target$3.72 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Bitfarms alerts: Email Address Bitfarms MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.83 Rating ScoreUpside/Downside65.9% Upside$3.72 Price TargetShort InterestHealthy7.81% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.36Based on 21 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.14) to $0.08 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.94 out of 5 starsBusiness Services Sector131st out of 312 stocksNondepository Credit Institutions Industry21st out of 50 stocks 4.4 Analyst's Opinion Consensus RatingBitfarms has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageBitfarms has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Bitfarms' stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted7.81% of the float of Bitfarms has been sold short.Short Interest Ratio / Days to CoverBitfarms has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bitfarms has recently decreased by 5.59%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldBitfarms does not currently pay a dividend.Dividend GrowthBitfarms does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BITF. Previous Next 2.4 News and Social Media Coverage News SentimentBitfarms has a news sentiment score of 0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 21 news articles for Bitfarms this week, compared to 3 articles on an average week.Search Interest31 people have searched for BITF on MarketBeat in the last 30 days. This is an increase of 19% compared to the previous 30 days.MarketBeat FollowsOnly 15 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Bitfarms insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 9.50% of the stock of Bitfarms is held by insiders.Percentage Held by InstitutionsOnly 20.59% of the stock of Bitfarms is held by institutions.Read more about Bitfarms' insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Bitfarms are expected to grow in the coming year, from ($0.14) to $0.08 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bitfarms is -5.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Bitfarms is -5.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioBitfarms has a P/B Ratio of 2.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Bitfarms' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyThe only financial event in 2024 that matters Man Who Predicted 2008 Crash Warns of Black Swan Financial Event in 2024 Porter Stansberry’s new documentary is going viral.Stream the documentary for free by clicking here About Bitfarms Stock (NASDAQ:BITF)Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is based in Toronto, Canada.Read More BITF Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BITF Stock News HeadlinesMay 14, 2024 | marketbeat.comCrypto Miners Strike Gold in AI: Stocks to WatchThe cryptocurrency mining sector was once a symbol of booming growth and rapid innovation, but it now faces a series of daunting challenges. Rising energy costs are squeezing profit margins, and recently, the Bitcoin halving event cut the rewards to mining companies in half.May 14, 2024 | marketbeat.comCrypto Miners Strike Gold in AI: Stocks to Watch (BITF)Crypto mining companies are using their high-performance computing power to diversify into artificial intelligence, creating a new growth model.June 2 at 1:16 AM | americanbankingnews.comBrokerages Set Bitfarms Ltd. (NASDAQ:BITF) Target Price at $3.72June 1 at 3:50 AM | americanbankingnews.comBitfarms (NASDAQ:BITF) Downgraded by Stifel NicolausMay 31 at 11:00 AM | globenewswire.comBitfarms Announces Results of Annual General and Special Meeting of ShareholdersMay 30 at 7:02 AM | americanbankingnews.comBitfarms (NASDAQ:BITF) Shares Gap Up to $2.02May 29, 2024 | investorplace.comRiot Platforms Is Betting Big on Bitfarms (BITF) StockMay 29, 2024 | marketwatch.comBitfarms Looking at Alternatives After Rejecting Riot OfferMay 29, 2024 | globenewswire.comBitfarms Responds to Unsolicited Proposal from Riot PlatformsMay 29, 2024 | americanbankingnews.comBitfarms Target of Unusually High Options Trading (NASDAQ:BITF)May 28, 2024 | investorplace.com3 Meme Stocks to Buy for Multibagger Returns on Potential Rate Cut RallyMay 28, 2024 | proactiveinvestors.comRiot launches hostile takeover bid for bitcoin mining rival BitfarmsMay 28, 2024 | tmcnet.comRiot Proposes to Acquire Bitfarms for US$2.30 Per Share to Create the World's Largest Publicly Listed Bitcoin MinerMay 28, 2024 | usnews.comRiot Platforms Proposes to Buy Crypto Miner BitfarmsMay 28, 2024 | finance.yahoo.comRiot Proposes to Acquire Bitfarms for US$2.30 Per Share to Create the World’s Largest Publicly Listed Bitcoin MinerMay 27, 2024 | investorplace.comPenny Stock Roulette: 3 High-Risk, High-Reward Plays for Daring InvestorsMay 23, 2024 | americanbankingnews.comAnalyzing Bitfarms (NASDAQ:BITF) & Integrated Ventures (OTCMKTS:INTV)May 17, 2024 | seekingalpha.comBitfarms Ltd. 2024 Q1 - Results - Earnings Call PresentationMay 17, 2024 | investorplace.com3 Explosive Penny Stocks to Buy for 10X Returns in 2 YearsMay 16, 2024 | investorplace.com7 Penny Stocks to Buy for 100% Returns on Potential Policy ShiftsMay 16, 2024 | seekingalpha.comBitfarms Q1 2024 Earnings: Is The Worst Over? (Rating Downgrade)May 15, 2024 | globenewswire.comBitfarms Reports First Quarter 2024 ResultsMay 13, 2024 | msn.comWhat's Going On With Bitcoin Mining Stock Bitfarms?May 13, 2024 | marketwatch.comBitfarms Shares Slide as Ousted CEO Seeks $27M in DamagesMay 13, 2024 | globenewswire.comBitfarms Reschedules First Quarter Conference Call to May 15th at 8:00am ETSee More Headlines Receive BITF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Bitfarms and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings3/07/2024Today6/02/2024Next Earnings (Estimated)8/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Nondepository credit institutions Sub-IndustryN/A Current SymbolNASDAQ:BITF CUSIPN/A CIK1812477 Webwww.bitfarms.com Phone64-7259-1790FaxN/AEmployees170Year FoundedN/APrice Target and Rating Average Stock Price Target$3.72 High Stock Price Target$5.00 Low Stock Price Target$2.30 Potential Upside/Downside+65.9%Consensus RatingModerate Buy Rating Score (0-4)2.83 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($0.38) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-104,040,000.00 Net Margins-64.06% Pretax Margin-67.62% Return on Equity-19.24% Return on Assets-16.04% Debt Debt-to-Equity Ratio0.04 Current Ratio3.02 Quick Ratio3.02 Sales & Book Value Annual Sales$146.37 million Price / Sales6.00 Cash Flow$0.09 per share Price / Cash Flow24.08 Book Value$0.93 per share Price / Book2.41Miscellaneous Outstanding Shares391,800,000Free Float354,580,000Market Cap$877.63 million OptionableOptionable Beta3.65 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Nicolas Bonta (Age 49)Founder, Interim President, Interim CEO & Chairman Comp: $81.91kMr. Jeffrey P. Lucas (Age 64)Chief Financial Officer Comp: $452.15kMr. Benoit GobeilExecutive Vice President of Infrastructure & OperationsMs. Stephanie WargoVice President of Marketing & CommunicationsMr. Benjamin GagnonChief Mining OfficerMr. Marc-Andre AmmannVice President Finance & AccountingMs. Tracy H. Krumme (Age 56)Senior VP & Head of Investor Relations Mr. Philippe FortierSenior Vice President of Corporate DevelopmentMs. Andrea Keen SouzaVice-President of Human ResourcesPaul MagrathVice President of Taxation & SustainabilityMore ExecutivesKey CompetitorsWalker & DunlopNYSE:WDBurford CapitalNYSE:BURQifu TechnologyNASDAQ:QFINRiot PlatformsNASDAQ:RIOTLufaxNYSE:LUView All CompetitorsInstitutional OwnershipCetera Investment AdvisersBought 700,510 shares on 5/24/2024Ownership: 0.179%Cetera Advisors LLCBought 198,470 shares on 5/24/2024Ownership: 0.175%Tidal Investments LLCBought 2,571,647 shares on 5/17/2024Ownership: 1.958%Bayesian Capital Management LPBought 34,200 shares on 5/16/2024Ownership: 0.018%Jane Street Group LLCBought 16,800 shares on 5/16/2024Ownership: 0.000%View All Institutional Transactions BITF Stock Analysis - Frequently Asked Questions Should I buy or sell Bitfarms stock right now? 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bitfarms in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BITF shares. View BITF analyst ratings or view top-rated stocks. What is Bitfarms' stock price target for 2024? 6 Wall Street research analysts have issued 12 month price objectives for Bitfarms' stock. Their BITF share price targets range from $2.30 to $5.00. On average, they expect the company's share price to reach $3.72 in the next year. This suggests a possible upside of 65.9% from the stock's current price. View analysts price targets for BITF or view top-rated stocks among Wall Street analysts. How have BITF shares performed in 2024? Bitfarms' stock was trading at $2.91 at the start of the year. Since then, BITF shares have decreased by 23.0% and is now trading at $2.24. View the best growth stocks for 2024 here. Are investors shorting Bitfarms? Bitfarms saw a drop in short interest in May. As of May 15th, there was short interest totaling 22,470,000 shares, a drop of 5.6% from the April 30th total of 23,800,000 shares. Based on an average daily trading volume, of 21,810,000 shares, the short-interest ratio is presently 1.0 days. Approximately 7.8% of the shares of the stock are sold short. View Bitfarms' Short Interest. When is Bitfarms' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024. View our BITF earnings forecast. How were Bitfarms' earnings last quarter? Bitfarms Ltd. (NASDAQ:BITF) announced its earnings results on Thursday, March, 7th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. The firm had revenue of $46.24 million for the quarter, compared to analysts' expectations of $39.68 million. Bitfarms had a negative net margin of 64.06% and a negative trailing twelve-month return on equity of 19.24%. During the same quarter in the prior year, the firm earned ($0.07) EPS. What ETFs hold Bitfarms' stock? ETFs with the largest weight of Bitfarms (NASDAQ:BITF) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI), Global X Blockchain ETF (BKCH), Grayscale Future of Finance ETF (GFOF), iShares Blockchain and Tech ETF (IBLC), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC), VanEck Digital Transformation ETF (DAPP), Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Invesco Alerian Galaxy Crypto Economy ETF (SATO). Who are Bitfarms' major shareholders? Bitfarms' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Tidal Investments LLC (1.96%), Van ECK Associates Corp (1.06%), Mirae Asset Global Investments Co. Ltd. (0.81%), Vident Advisory LLC (0.73%), Quadrature Capital Ltd (0.21%) and Cetera Investment Advisers (0.18%). How do I buy shares of Bitfarms? Shares of BITF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:BITF) was last updated on 6/2/2024 by MarketBeat.com Staff From Our PartnersTrump’s Gift Could Unleash $51 Billion in New WealthWealthpin ProBiden replacement revealed?Paradigm PressBiden Nomination CANCELED?The Freeport SocietyBuy this small stock before coming AI Tidal WaveChaikin AnalyticsWarren Buffett, Jeff Bezos, Michael Bloomberg, & 48 Members of Congress Are Buying ONE Sector…InvestorPlaceNvidia has Apple and Microsoft within striking rangeWeiss RatingsDon’t buy a single NVIDIA share before you see this...Behind the MarketsExposed: 10 CENT Crypto to Explode May 20th?True Market Insiders Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Bitfarms Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
